Gender discrimination is a major problem that girls face throughout their life.Important Days – Daily Current Affairs January 24 1. TO PURCHASE OUR BANKING AWARENESS (2021 Edition) – CLICK HERE Here, we cafunsta team, providing Daily GK Updates, Current Affairs Questions, and Monthly current affairs pdf. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.Ĭurrent affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Regarding that one of the most important topic is Daily Current Affairs January 24. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. National Affairs – Daily Current Affairs January 24ĭear Champions, as you all know that a lot of competitive exams have been notified consequently.International Affairs – Daily Current Affairs January 24.Awards – Daily Current Affairs January 24.Acquisitions and Mergers – Daily Current Affairs January 24.Banking and Finance – Daily Current Affairs January 24.Sports – Daily Current Affairs January 24.Important Days – Daily Current Affairs January 24.# Goldman # Sachs # Morgan # Stanley #BofA # Bullish # Delhi # Delhi #New Delhi #Sharp # Paytm # Cloud #Covid. Revenue from operations grew 89 per cent yoy led by 1) increase in processing of merchant payments through MDR bearing instruments 2) increase in disbursements of loans on platform and 3) recovery of commerce business from Covid impact. Revenue from payment services to consumers/ merchants jumped 15 per cent/46 per cent qoq & overall the payments & financial services revenue was up 33 per cent qoq.Commerce/ Cloud biz revenues increased 61 per cent/28 per cent qoq and delivered a 37 per cent/20 per cent beat vs our estimates. We expect a positive reaction on stock price. Paytm reported a strong set of revenue & adjusted EBITDA.Even disclosures improved.
Solid operational quarter sustaining the momentum is key Stock RatingPrice ObjectiveNeutralRs 1130 We expect revenues to rise at 66 per cent/44 per cent CAGRs over the next two/five years, reaching Rs176bn in F26.We expect contribution margins to improve to ~42 per cent by F26, and the Company to break even on EBIDTA in F25. Having built a strong customer acquisition engine via payments, it is now rapidly expanding into financial services digitally at low incremental costs. Paytm is a strong two-sided digital payments platform of merchants (>15 per cent market share in retail digital merchant payments) & customers (at ~115mn annual transacting users, it has >40 per cent share in unique mobile payment users). Stock RatingTarget PriceOverweightRs 1425Ī leading digital platform with attractive risk reward Key catalysts for growth include Approvals for the Raheja QBE transaction and an SFB (small finance bank) license. We also note that Paytm has a strong balance sheet (US$1.4 bn cash as of December ’21), and see limited likelihood of the Company needing to raise capital again (US$210 mn annual cash burn).īetter than expected take rate and continued market share gains in payments vertical.Continued strong traction in lending, with new disclosures suggesting healthy performance of loan portfolio.Ĭloud business tracking ahead of our expectations, led by advertising. We expect Paytm’s increase in scale to result in an improving margin trend, with the Company reaching adjusted EBITDA breakeven by FY25E. Highlights:Strong growth outlook risk reward attractiveWe believe Paytm’s strong topline growth of 89 per cent YoY in 3QFY22 will help allay investor concerns around declining payments take rate in recent years.Net take rate, or spreads, which is revenue less payment processing charges (PPC) as a proportion of GMV, has seen a sharp improvement from +2 bps in FY21 to +8 bps in 3QFY22. Stock RatingTarget PriceUpgrade to BuyRs 1460 The company’s strong quarterly results were welcomed by top brokerages
PAYTM POSTPAID ON HOLD BY RISK ENGINE OFFLINE
In the Personal Loans category, the Company recorded a growth of 1,923 per cent to Rs 515 crore, with an average ticket size of Rs 80,000-Rs 90,000.In the booming Buy Now, Pay Later Category, Paytm Postpaid saw its total value of loans go up by 408 per cent to Rs 1,190 crore, with a presence at over 3.5 million online and offline merchants.
PAYTM POSTPAID ON HOLD BY RISK ENGINE DRIVER
Lending continues to be a big growth driver for the Company with total loans at 4.4 million in Q3 FY2021, aggregating to a total loan value of Rs 2,177 crore.In the Merchant loans category, the Company reported a growth in the total value of loans disbursed to Rs 471 crore, up by 127 per cent, with an average ticket size of Rs 120,000-Rs 140,000.